Latest news with #WaareeEnergiesLimited
Business Upturn
4 days ago
- Business
- Business Upturn
Waaree Energies subsidiary bags 500MW solar module order in the US
By Aman Shukla Published on July 19, 2025, 18:01 IST Waaree Energies Limited, through its wholly owned subsidiary Waaree Solar Americas , has secured a major international order for the supply of 500MW solar modules. The contract, awarded on July 19, 2025, comes from a well-known U.S.-based developer and operator of utility-scale solar and energy storage projects. According to the official regulatory filing, the order is a one-time supply agreement and is scheduled for execution during the financial year 2026–27. While the commercial value of the deal has not been disclosed, the scale of the order highlights Waaree's growing presence in the global solar energy space, particularly in the North American market. The company confirmed that the awarding entity is entirely independent, with no connections to Waaree's promoter or promoter group, and the transaction does not qualify as a related-party deal. Waaree Energies is one of India's largest manufacturers of solar PV modules and has been steadily expanding its international footprint, with this U.S. order reinforcing its position as a trusted global solar technology supplier. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
09-07-2025
- Business
- Business Upturn
Waaree Energies to sell 10 lakh Indosolar shares via OFS at Rs 265/share on July 10–11
By Aditya Bhagchandani Published on July 9, 2025, 17:43 IST Waaree Energies Limited has announced an Offer for Sale (OFS) of up to 10 lakh equity shares of Indosolar Limited (2.4% of Indosolar's paid-up equity capital) through the stock exchange mechanism. The sale will happen on July 10, 2025 (for non-retail investors) and July 11, 2025 (for retail investors) via a separate window on BSE and NSE. Floor price: ₹265 per share. Broker: Antique Stock Broking Limited. The OFS is being conducted to meet the minimum public shareholding norms as prescribed by SEBI. A minimum of 25% of the offer is reserved for mutual funds and insurance companies, and 10% for retail investors. No retail discount is offered. The seller reserves the right to cancel the OFS if bids at or above the floor price are insufficient. This OFS will allow retail and institutional investors to bid in line with SEBI's OFS guidelines, ensuring transparency and compliance with public shareholding requirements. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
09-07-2025
- Business
- Time of India
Waaree Energies accounts for 13.9% share of total module shipments in FY25
Waaree Energies Limited, a clean energy transition company, has captured a commanding 13.9 per cent share of total module shipments in FY25, according to a JMK Research & Analytics Annual India Solar Report Card. According to the company's statement, this significant achievement comes as India's solar sector experienced a transformative period in FY25, with the country adding 17.4 GW of utility-scale solar capacity and 5.1 GW of rooftop installations. India's cumulative solar capacity has reached 85.5 GW as of March 2025, with an additional 68.2 GW in the pipeline. "Waaree's leadership position in India's solar module market validates our relentless focus on innovation, quality, and scale," Dr. Amit Paithankar, Whole-time Director & CEO, Waaree Energies Limited, said. "This achievement represents more than market share – it embodies our commitment to powering India's energy independence and supporting the nation's transition to a sustainable future. Every module we manufacture contributes to India's journey toward becoming a global renewable energy superpower ," he added. The company's state-of-the-art manufacturing facilities, with an installed capacity of approximately 15 GW for solar PV modules globally, underscore its commitment to domestic capabilities and technological advancement.
New Indian Express
22-06-2025
- Business
- New Indian Express
Waaree Energies CEO denies pulling out of Odisha, says Dhenkanal solar project on track
BHUBANESWAR: Amid speculations over Waaree Energies Limited pulling out of its Dhenkanal solar project, the company on Saturday announced that it has no such plan. In a statement, the CEO of the company Amit Paithankar said in light of the board resolution passed on Friday, Waaree Energies Ltd has undertaken a strategic realignment of certain components of its planned 6 GW integrated solar manufacturing capacity across multiple geographies. This decision is aimed at accelerating project momentum, optimising resource utilisation and ensuring timely execution in line with the IPO objectives. 'We want to emphasise that we are not moving away from Odisha. Construction activities are actively ongoing and contracts for the facility have been duly awarded and are being executed as planned. Our commitment to Odisha remains strong,' the statement said. Odisha, he said, continues to hold a significant and strategic place in the long-term business roadmap of the company. It is actively exploring meaningful avenues for collaboration that advance both the state and national renewable energy goals. 'Odisha will be an important and integral part of our future plans,' he added. The company's recent announcement of new solar manufacturing facilities in Gujarat, Maharashtra and Tamil Nadu had fuelled speculation that it may be reconsidering its Rs 25,000 crore investment in Odisha.
Business Upturn
11-06-2025
- Business
- Business Upturn
Waaree Energies signs PPA for 150 MW solar power supply to MPPMCL under RUMSL project
By Aditya Bhagchandani Published on June 11, 2025, 18:54 IST Waaree Energies Limited has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited (RUMSL) and Madhya Pradesh Power Management Company Limited (MPPMCL) for the supply of 150 MW solar power. This marks a significant development in the 170 MW solar project initially awarded to its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEL). According to the company's exchange filing on June 11, 2025, the execution responsibility for the project will now rest with the parent entity, Waaree Energies Limited. The project will generate clean energy through the Inter-State Transmission System (ISTS), contributing to India's renewable energy mission. This solar power will be supplied to MPPMCL and Indian Railways, aligning with national targets of increasing green energy consumption. The agreement reinforces Waaree's commitment to driving sustainable infrastructure and bolstering the energy transition across key sectors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
